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PM Modi’s visit to the Non-Resident Indians (NRIs) in the UAE

Dilip Ratha's picture
Q&A with Natalie Obiko Pearson, Bloomberg News

1. Why are remittances so important to India's economy?


India received $70 billion in remittances last year, and is expected to receive over $72 billion this year. That makes remittances one of the largest sources of foreign exchange for India, larger than its IT exports. Remittances directly flow to the migrants’ families, helping them finance purchases of essential items, housing, school and medical services. Remittances act like an insurance for Indian households, increasing in times of need (such as weddings, funerals, natural disasters). They also act like an insurance for the country, rising in times of financial difficulties, such as when external private capital flows decrease and the rupee weakens. They reduce poverty and increase human capital by enabling schooling and medical services. They also provide much needed funding for business investments for households.

Examining Migration Governance in India

Irudaya Rajan's picture
The World Bank classifies India as one of the top emigrating countries in the world with a stock of 13.88 million Indians worldwide as of 2013. India also figures in three of the top five emigration corridors in the South Asia region, that is, India–United States, India–Saudi Arabia, India–United Arab Emirates where the stock of migrants are estimated to be beyond 2 million.

Return Migration and Re-Integration into Croatia and Kosovo (Roundtable, May 11-12, 2015 -- Zagreb/Croatia)

Hanspeter Wyss's picture
The goal of KNOMAD’s roundtable Return Migration and Re-integration into Croatia and Kosovo was to probe the hypothesis that return migration and homeland reintegration promote development through the transfer of enhanced human and social capital that migrants commonly acquire in their host society integration.

Longitudinal Research on Environmental Change and Migration: A Workshop on Objectives, Methods, and Applicability to Policy and Practice (March 19-20, 2015 -- Washington, DC)

Hanspeter Wyss's picture
KNOMAD’s workshop focused on the role of longitudinal data collection and analysis in improving understanding of three principal issues: the determinants of environmentally-induced migration, the impacts of these movements on the migrants as well as communities of origin and destination, and the long-term efficacy of migration as an adaptation mechanism as well as the long-term efficacy of strategies to reduce emigration pressures. 

The workshop’s four major findings are:

Age Old Debate: Why do Elderly People Oppose Immigration?

Hernan J Winkler's picture

The Mediterranean Crisis has been fueling anti-immigrant sentiment across Europe, adding even more challenges to the debate about immigration policies. The difficulty to agree on immigration matters is also evident if we look at the current state of the EU immigration policy: rather than a common policy, it is a collection of 28 migration regimes with marked differences in terms of openness and flexibility.

This is a problem because Europe’s population is expected to age rapidly. And even though immigration won’t solve all of Europe’s economic woes, more open and flexible immigration policies will inject much-needed flexibility and dynamism into Europe’s graying economies.

Will there be policy coherence between the FfD Action Agenda and the Post 2015 Development Agenda on migration, remittances and diaspora?

Sonia Plaza's picture

I attended the FfD Conference where the Addis Ababa Action Agenda (AAAA) was adopted.  Migration and remittances were positively included in the outcome document. However, it will be important to ensure policy coherence and alignment on what have been adopted in Addis and what will be adopted in the SDGs. 

Addis Ababa Action Agenda (4A): On harnessing migration for financing development, we are almost there!

Dilip Ratha's picture
Yesterday the Addis Ababa Action Agenda (4A) was adopted at the Third International Conference on Financing for Development (FfD). The 4A recognizes the positive contribution of migrants, half of whom are women, to inclusive growth and sustainable development and notes that it must be addressed in a coherent, comprehensive and balanced manner.

Indian Migrants’ Problems: Few Suggestions

Indian workers’ migration to the Gulf is a century old phenomenon, however, major breakthrough occurred after the first oil boom (1973-74). Today, approximately 7 million Indians work in six GCC countries, which is more than 50% of estimated 13 million foreign workers present in the GCC. The Indian workers in GCC remit about US$40 billion i.e. around 57% of the total remittances, i.e. US$70 billion India receives annually.

A $100 billion idea: Harnessing migration for financing development goals

Dilip Ratha's picture
As global leaders meet in Addis Ababa this week to decide how development goals would be financed in the next 15 years, I hope they'll take note of the enormous potential of harnessing diasporas, migration and remittances. Please read this note outlining a few under-exploited market-based financing options that are directly connected to international migration.

Call for Proposals: Evaluation of diaspora programs

Dilip Ratha's picture
Diaspora engagement is a big and growing issue in developed and developing countries, with strong policy interest. But all things considered, the topic is vastly under-studied compared to its economic importance. A serious obstacle to good policy-making is the lack of collective learning about the impact of diaspora policy interventions.
 

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